PMI Drops to 61.7 in December

Economic Tag: Govt.

The Purchasing Managers’ Index (PMI) for Bangladesh dipped slightly to 61.7 in December from 62.2 in November, signaling slower but steady economic expansion. Despite the decline, the index remains above the 50-point growth threshold, indicating continued growth in business activity.

Manufacturing and construction sectors showed robust expansion, with PMIs rising to 69.8 and 60.4, respectively. However, agriculture and services experienced slower growth, with PMIs dropping to 52.8 and 59.9, respectively.

The report, jointly compiled by the Metropolitan Chamber of Commerce and Industry (MCCI) and Policy Exchange Bangladesh, highlights gradual business growth from August to November. MCCI CEO Farooq Ahmed emphasized the need to sustain the positive trend and noted that the PMI offers valuable insights for policymakers and private sector leaders.

The survey, based on input from 600 traders, will now be published monthly to track economic trends and guide reform efforts aimed at improving the business environment.

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